Put Your Home’s Value To Work For You!

It's no secret that owning a home is a valuable asset. With a home equity loan, you can unlock the potential of your home and turn it into extra cash for your needs. A Kitsap Credit Union home equity loan is an excellent solution for paying for home upgrades, consolidating debt, funding your dream vacation, or any other needs.
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Home Equity Line of Credit (HELOC)

A line of credit lets you borrow money as you need it. It's a great choice for expenses that happen over a period of time, like a home renovation.

  • Draw funds for up to 10 years.
  • Repay funds over 12 years.
  • Payments are based on the amount you owe.
  • Borrow on a low, variable rate.
  • Access your HELOC via online banking, mobile banking, or visiting a branch.
  • Minimum loan amount is $15,000.
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The Choice Is Yours!

  • Home Equity Line of Credit

    Purpose Funds can be used for anything
    Access to Money Funds are withdrawn as needed
    Repayment Pay on the balance owed with monthly payments fluctuating
    Interest Rate As low as variable 8.00% APR*
    Interest Payments Are Tax Deductible Yes, in certain cases**
    Apply Now!

  • Home Equity Loan

    Purpose Funds can be used for anything
    Access to Money All funds received at once
    Repayment Fixed monthly installments for the life of the loan
    Interest Rate As low as 6.50% APR*
    Interest Payments Are Tax Deductible Yes, in certain cases**
    Apply Now!
Rates and Terms

12-Year Home Equity Loan

Did you know you can refinance with a home equity loan? Refinance your home with a no-cost refinance via a 12-Year Home Equity Loan.

  • Draw funds at once.
  • Repay funds within 12 years.
  • Make fixed payments.
  • Minimum loan amount is $10,000.
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15-Year Home Equity Loan

Have a good idea of how much you need to borrow? A home equity loan is a great option for lump expenses like booking a vacation or debt consolidation.

  • Draw funds at once.
  • Repay funds within 15 years.
  • Make fixed payments.
  • Pay low fees.
  • Minimum loan amount is $10,000.
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10-Year Home Equity Loan

Renting out a home? Put its value back into the property with a 10-Year Home Equity Loan.

  • Draw funds at once.
  • Repay funds within 10 years.
  • Make fixed payments.
  • Pay low fees.
  • Minimum loan amount is $10,000.
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Related

Disclosures

* APR = Annual Percentage Rate. APR is accurate as of 12/23/2024 and is subject to change after account opening. Rate based on creditworthiness and product type.

All loans subject to approval.

Home Equity Payment Example:

Monthly payment of $500.96 based on 144 month, $50,000 loan at 6.50% APR

Kitsap Credit Union membership is required. Qualified properties include owner occupied and non-owner occupied single-family homes, condominiums, and town homes, in Washington State. All loans subject to approval. The rate for which a borrower qualifies may depend upon the borrower’s credit score, term of loan, loan purpose and past credit performance. Rates, terms and conditions are subject to change and may vary based on age and condition of collateral and product selected. You may have to pay certain third parties closing costs that range between $0 -$1,500 depending on the location of the property, the amount of the loan and other factors. Monthly payments shown are principal and interest only and do not include fees or other applicable escrows. Actual payment obligation may be higher. Home Equity Lines of Credit: APR does not include additional costs and rate may vary monthly (maximum 18% APR).

** We do not provide tax advice. Please be sure to consult with a qualified tax professional to understand your specific situation and for further information regarding the deductibility of interest and charges.